Vibe - Building 2 — Rental Market Data

Vibe - Building 2 has two active listings as of August 31, 2026, both asking $2,100 per month with a zero-dollar spread and a median rent of $2,100. The average suite size is 543 square feet at an asking rate of $3.87 per square foot, and both units are one-bedroom layouts representing 100 percent of available inventory. Current listings lean toward compact entry-level one-bedroom suites rather than multi-bedroom executive configurations, with the two units spanning 535 to 550 square feet.

The sole active layout at Vibe - Building 2 is the one-bedroom tier, with two units comprising 100 percent of available inventory. Both one-bedroom listings average $2,100 per month across 543 square feet at $3.87 per square foot, with the smaller unit at 535 square feet asking $3.93 per square foot and the larger at 550 square feet asking $3.82 per square foot. No two-bedroom, three-bedroom, or den-equipped units are currently on the market.

Vibe - Building 2's two active listings carry a minimum entry rent of $2,100 and a peak asking rent of $2,100, producing a zero-dollar spread and a zero percent spread. The median asking rent is $2,100 per month, and both the entry-level and peak suites are one-bedroom configurations. The smaller unit at 535 square feet asks $3.93 per square foot, while the larger unit at 550 square feet asks $3.82 per square foot, reflecting a modest per-square-foot differential between the two listings.

Den premium data for Vibe - Building 2 cannot be quantified, as no active listings include a den configuration and no paired den versus non-den sample exists in the current inventory. Parking stall premiums also cannot be reliably isolated from the available data, as the paired sample is either anomalous or too small to produce a defensible figure. Renters should confirm parking and den availability directly with the leasing office before making an offer.

Vibe - Building 2's active asking rent of $2,100 per month sits below the Burlington North submarket average asking rent of $2,385, while its $3.87 per square foot rate runs 8.4 percent above the submarket asking benchmark of $3.57 per square foot. The lower nominal rent reflects the building's compact 543-square-foot average footprint, which is 125 square feet smaller than the submarket implied average of 668 square feet. Vibe - Building 2 accounts for two out of 39 active listings in the Burlington North submarket, representing roughly 5 percent of total available inventory.

Vibe - Building 2's average realized lease rent of $2,181 per month sits $328 below the four-comp benchmark of $2,509, with every nearby competitor recording higher nominal rents. Vibe - Building 1 at 5020 Corporate Dr (0.02 km, 4 closed leases) averaged $2,338 per month, placing the subject $157 lower. Appleby Gardens at 5001 Corporate Dr (0.14 km, 1 closed lease) averaged $2,200 per month, a $19 gap below the subject. Ironstone at 1940 Ironstone Dr (0.43 km, 9 closed leases) averaged $2,247 per month, $66 above the subject. Millcroft Place at 1998 Ironstone Dr (0.44 km, 2 closed leases) averaged $3,250 per month, a $1,069 premium over the subject driven by its compact 392-square-foot suites.

Vibe - Building 2 leases at $3.45 per square foot across an average 642-square-foot suite, offering more interior space than three of four nearby competitors while trading at a lower or equal per-square-foot rate. Against Vibe - Building 1 (722 sq ft, $3.36 per square foot), the subject commands a $0.09 per square foot premium but provides 80 fewer interior square feet, meaning the higher rate is offset by a smaller footprint. Appleby Gardens (638 sq ft, $3.45 per square foot) sits at exact per-square-foot parity, with the subject offering 4 more square feet for the same rate. Ironstone (628 sq ft, $3.65 per square foot) trades at a $0.20 per square foot discount to the subject, and the subject provides 14 more square feet. Millcroft Place (392 sq ft, $8.29 per square foot) is an outlier: the subject trades at a $4.84 per square foot discount and delivers 250 more square feet, making the nominal rent gap a pure function of suite size rather than asset valuation.

Vibe - Building 2 offers a nine-amenity social and entertainment package that includes a Dining Room & Kitchen, Media & Theatre Room, Rooftop Terrace, and Garden & Courtyard—features absent from Appleby Gardens, Ironstone, and Millcroft Place. The subject's communal dining and rooftop living set it apart from Appleby Gardens (which offers only five amenities including a Yoga Studio and Concierge) and Ironstone (which emphasizes wellness with a Hot Tub & Jacuzzi, Yoga Studio, and Business Centre but lacks a dedicated Dining Room or Garden). Millcroft Place provides a Pet Wash Station and Hobby Room that the subject does not, while the subject counters with its Library & Reading Room and Games & Billiards Room. The building's lifestyle package targets social, experience-driven renters—young professionals and small groups who prioritize communal dining, rooftop gatherings, and in-building entertainment over wellness studios or concierge services.